Magellan Aerospace ( (TSE:MAL) ) just unveiled an update.
Magellan Aerospace Corporation reported a strong financial performance for the fourth quarter of 2024, with revenues increasing by 7.7% to CAD 240.7 million and a significant rise in net income to CAD 15.9 million. The company’s gross profit and adjusted EBITDA also saw substantial growth, reflecting improved operational efficiency and profitability. This financial success underscores Magellan’s robust position in the aerospace industry and its ability to capitalize on market opportunities, benefiting stakeholders and enhancing its competitive edge.
More about Magellan Aerospace
Magellan Aerospace Corporation is a diversified supplier of components to the aerospace industry. It designs, engineers, and manufactures aeroengine and aerostructure components for aerospace markets, including advanced products for defense and space markets, and complementary specialty products. The company also supports the aftermarket through the supply of spare parts and performing repair and overhaul services.
YTD Price Performance: -5.07%
Average Trading Volume: 9,256
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$556M
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